The post Swift and Societe Generale Settle Tokenised Bonds Using Stablecoins appeared on BitcoinEthereumNews.com.

Blockchain Swift has completed a new digital asset interoperability trial together with Societe Generale’s blockchain subsidiary SG-FORGE, demonstrating how tokenised bonds can be issued, settled and serviced using both fiat money and digital currencies within existing financial market infrastructure. The trial brings Swift closer to its goal of acting as a neutral coordination layer between traditional finance and emerging blockchain-based systems, at a time when tokenisation is accelerating across capital markets. Key Takeaways Swift and Societe Generale’s SG-FORGE completed a trial settling tokenised bonds using fiat currency and stablecoins. The transaction used SG-FORGE’s MiCA-compliant EURCV stablecoin alongside existing Swift infrastructure. Core bond lifecycle events were handled across blockchain and traditional systems in one coordinated flow. The trial supports Swift’s broader plan to build a shared blockchain-based ledger for cross-border payments and digital assets. Swift and Societe Generale test tokenised bond settlement The test was carried out in collaboration with SG-FORGE, the digital asset arm of Societe Generale. Using SG-FORGE’s euro-denominated stablecoin, EURCV, the parties were able to exchange and settle tokenised bonds while supporting payments in both fiat currency and digital form. EURCV is designed to comply with Europe’s Markets in Crypto-Assets regulation and is natively compatible with Swift’s network, allowing transactions to be coordinated across blockchain platforms and existing payment systems. Familiar market roles, new technology Several major European banks participated by performing standard capital markets functions. BNP Paribas Securities Services and Intesa Sanpaolo acted as paying agents and custodians, showing that tokenised bonds can be managed using established institutional roles. The trial successfully covered key bond lifecycle events, including issuance, delivery-versus-payment settlement, coupon payments and redemption, all handled as part of a single coordinated process. Interoperability instead of replacement Rather than positioning blockchain infrastructure as an alternative to Swift, the trial highlighted a collaborative model. Swift orchestrated the…

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Filed under: News - @ January 15, 2026 2:28 pm